Q2: A borrower obtained a constant amortisation mortgage (CAM) loan of $450,000 for a term of 25 years at an interest ra

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Q2: A borrower obtained a constant amortisation mortgage (CAM) loan of $450,000 for a term of 25 years at an interest ra

Post by answerhappygod »

Q2 A Borrower Obtained A Constant Amortisation Mortgage Cam Loan Of 450 000 For A Term Of 25 Years At An Interest Ra 1
Q2 A Borrower Obtained A Constant Amortisation Mortgage Cam Loan Of 450 000 For A Term Of 25 Years At An Interest Ra 1 (11.36 KiB) Viewed 75 times
Q2: A borrower obtained a constant amortisation mortgage (CAM) loan of $450,000 for a term of 25 years at an interest rate of 6%. Assuming the payments are made monthly, what will be the amount of the 20th payment? Round your answer to two decimal places.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”